Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of real-estate developer St. Joe
So what: A weekend article in Barron's showed that Glenrock Asset Management founder Michael Katz is long on St. Joe, and also highlights just how successful Katz's investment strategy has been. Katz picks his longs and shorts based on the quality of cash flows, much like we like to do here at the Fool.
Now what: Glenrock doesn't love all real estate plays equally, and has shorted New York-centered SL Green Realty
Interested in more info about St. Joe? Click here to add it to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies mentioned. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.